Oak Thistle LLC Sells 312 Shares of Vulcan Materials (NYSE:VMC)

Oak Thistle LLC reduced its position in Vulcan Materials (NYSE:VMC) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,981 shares of the construction company’s stock after selling 312 shares during the period. Oak Thistle LLC’s holdings in Vulcan Materials were worth $1,024,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new position in shares of Vulcan Materials in the third quarter valued at $30,000. Concord Wealth Partners bought a new stake in shares of Vulcan Materials during the 3rd quarter worth about $35,000. Washington Trust Advisors Inc. boosted its holdings in shares of Vulcan Materials by 240.4% during the 3rd quarter. Washington Trust Advisors Inc. now owns 160 shares of the construction company’s stock worth $40,000 after buying an additional 113 shares during the period. Capital Performance Advisors LLP acquired a new position in Vulcan Materials in the 3rd quarter valued at about $42,000. Finally, Asset Dedication LLC raised its holdings in Vulcan Materials by 146.5% in the 3rd quarter. Asset Dedication LLC now owns 175 shares of the construction company’s stock valued at $44,000 after acquiring an additional 104 shares during the period. Institutional investors own 90.39% of the company’s stock.

Vulcan Materials Trading Up 3.2 %

Shares of Vulcan Materials stock opened at $268.29 on Thursday. The company has a quick ratio of 2.02, a current ratio of 2.86 and a debt-to-equity ratio of 0.42. Vulcan Materials has a 12-month low of $219.73 and a 12-month high of $298.31. The company has a market capitalization of $35.43 billion, a price-to-earnings ratio of 42.32, a PEG ratio of 2.67 and a beta of 0.83. The firm’s 50-day moving average price is $273.95 and its two-hundred day moving average price is $258.43.

Vulcan Materials (NYSE:VMC) last posted its quarterly earnings results on Wednesday, October 30th. The construction company reported $2.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.34 by ($0.12). Vulcan Materials had a return on equity of 11.88% and a net margin of 11.43%. The firm had revenue of $2 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same quarter in the prior year, the business posted $2.29 EPS. The business’s revenue was down 8.3% on a year-over-year basis. On average, analysts forecast that Vulcan Materials will post 7.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on VMC. Citigroup reduced their price objective on Vulcan Materials from $325.00 to $301.00 and set a “buy” rating for the company in a report on Monday, January 6th. UBS Group assumed coverage on Vulcan Materials in a research note on Thursday, November 7th. They issued a “buy” rating and a $349.00 price target for the company. Truist Financial increased their price objective on Vulcan Materials from $300.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Barclays boosted their target price on shares of Vulcan Materials from $250.00 to $285.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, StockNews.com raised shares of Vulcan Materials from a “sell” rating to a “hold” rating in a research report on Friday, November 1st. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $296.18.

Vulcan Materials Company Profile

Vulcan Materials Company, together with its subsidiaries, produces and supplies construction aggregates primarily in the United States. It operates through four segments: Aggregates, Asphalt, Concrete, and Calcium. The company provides crushed stones, sand and gravel, sand, and other aggregates; and related products and services that are applied in construction and maintenance of highways, streets, and other public works, as well as in the construction of housing and commercial, industrial, and other nonresidential facilities.